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Global Trade Management: Page 76

Durable Goods Orders Rose 4.8 Percent in October

U.S. durable goods orders rebounded strongly in October, surging past expectations amid increased demand for aircraft and other transportation machinery. The Commerce Department said orders for items meant to last three years increased $11bn, or 4.8 percent, to $239.4bn last month, following a downwardly revised 0.4 percent drop in September. Economists had predicted a 1.7 percent gain.

Pessimistic Forecasts: Stifel Logistics Confidence Index Declines Further

The Stifel Logistics Confidence Index - which measure logistics industry outlook - has reached its 14 consecutive months of negative confidence, with the numbers suggesting this will continue into 2017. As reflected by the performance of the Index, global trade remains at a low ebb, as it has for some time.

Hanjin Shipping Sells Part of Container Ship Business for $31M

South Korea's Hanjin Shipping Co Ltd said last week it decided to sell part of its container ship business to Korea Line Corp for 37bn Korean won ($31m).

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As Trump Kills TPP, China Eyes December Talks to Fill Trade Void

Even before Donald Trump enters the White House and formally abandons a U.S.-led trade deal that represented a cornerstone of his country's economic policy in Asia, Chinese President Xi Jinping will get a chance to prove his willingness to step into the leadership vacuum.

FedEx Freight Urges Trump to Reconsider Trade Agreement Benefits

Michael Ducker, president and CEO of FedEx Freight, has joined a chorus of logistics and transportation interests calling for President-elect Donald Trump to honor America's commitment to the Trans-Pacific Partnership (TPP) and bolster extant trade ties. "Trade agreements are the solution, not the problem," Ducker told the 2016 JOC Inland Distribution Conference, adding that his company was "100 percent committed to the Trans-Pacific Partnership."

Asia-Pacific Leaders Discuss Trump-Free Trade

Chinese President Xi Jinping pledged to further open the world's second-largest economy on Saturday, as leaders of Asia-Pacific countries gathered in Peru to find new free-trade options after Donald Trump was elected U.S. president on a protectionist platform.

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Mexican Exporters Fear Tough Times With Trump

From avocado orchards to border factories, Mexican exporters who have prospered under two decades of NAFTA face the prospect of an abrupt end to the boom if U.S. President-elect Donald Trump carries out his threats to ditch the free trade pact.

Survey Finds Black Friday Has Gone Global

A survey conducted this month indicates that online shopping on Black Friday is expanding beyond the U.S. and gaining popularity in other developed countries, says One Hour Translation, which provides translation services to global e-commerce companies.

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In China-U.S. Trade War, Trump May Have Weapons

As a candidate, Donald Trump aimed some of his most blistering words at China, declaring that "we already have a trade war" and suggesting ominously that "we have the power over China, economic power." As president of the United States, Trump can use trade - a cornerstone of his populist rise - as a weapon, with the potential to drastically reshape the world's two largest economies, as well as the companies, industries and workers who depend on their hundreds of billions of dollars in closely linked goods. But neither side may win.

CIPS Risk Index Rises As Global Commitment Slides

Supply chain managers are facing a new wave of impediments to the flow of goods across borders, said John Glen, economist for the Chartered Institute of Procurement & Supply, as the latest CIPS Risk Index continued to climb to levels not seen since 2013.

Cargo Owners in Flight to Safety After Hanjin Collapse, Shipping Lines Say

Cargo owners are becoming more concerned about risks and are shifting their business to shipping lines deemed more financially stable after the collapse of South Korea's Hanjin Shipping Co Ltd, top shipping executives said.

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